The New Talent Awards in partnership with Architas aims to celebrate the emerging talent in financial advice - recognising and identifying the sector's future leaders as well as shining the spotlight on the organisations and individuals that are helping develop and foster new talent

The Specialist Investment awards are designed to recognise two increasingly important but to date under-recognised elements of the asset management industry; boutique & specialist fund managers and passive investing.

Hsu explains fundamental indices are not influenced by price, meaning there is no correlation between weights and the random mistakes prices can make.

He adds: "In emerging markets, where miss-valuation is the greatest, it is essential to break the price link with the index portfolio weights."

Fundamental indices also preserve liquidity as they take into account weighting metrics that are generally related to the investment capacity of the stock. Hsu says: "These weighting metrics are also specifically chosen and designed to not be correlated with prices and therefore price mistakes."

Nonetheless, there is a need for education as to how fundamental indices are constructed.

Tim Mitchell, head of listed fund sales at Invesco Perpetual, says: "These types of indices are more popular in the US, where indexation is more developed, but it's filtering over to Europe now. However, we are in an education game."

He says PowerShares is now the only UK provider of UK-listed FTSE RAFI funds, after Lyxor de-listed its RAFI offering from the London Stock Exchange earlier this year.

The Research Affiliates Fundamental Index (RAFI) strategy uses four metrics, to offer diversification and level the biases associated with any particular metric. Hsu says mainstream accounting variables are used, where the level of data quality is high.